{"id":111441,"date":"2026-01-16T19:15:36","date_gmt":"2026-01-16T19:15:36","guid":{"rendered":"https:\/\/sotnews.agency\/?p=111441"},"modified":"2026-01-16T19:15:36","modified_gmt":"2026-01-16T19:15:36","slug":"earlier-passage-of-bogs-amendment-bill-could-have-prevented-haircuts-dr-asiama","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=111441","title":{"rendered":"Earlier passage of BoG\u2019s Amendment Bill could have prevented haircuts \u2013 Dr. Asiama"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>1 Minute, 37 Second <\/div>\n\n <\/div>
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The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, has said that if the Bank of Ghana (BoG) Amendment Bill 2025 had been in place earlier, the financial haircuts of 2022 might have been avoided.<\/p>\n

Speaking at a New Year media briefing on Friday, January 16, Dr. Asiama reflected on the role of legislation in strengthening the central bank and protecting the economy.<\/p>\n

\u201cIf we had that in 2022, maybe, just maybe, we wouldn\u2019t have had the haircuts; we would have been compelled probably to seek help from the IMF more timely. And today, the results would have been different,\u201d he said.<\/p>\n

The Governor said the passage of the BoG Amendment Bill 2025 represented a major step in enhancingthe Central Bank\u2019s independence, improving accountability, and reinforcing safeguards around government financing. <\/p>\n

He added that these reforms, alongside progress in payments and digital finance, had helped restore macroeconomic stability, improve coordination between monetary and fiscal authorities, and place the economy on a firmer footing.<\/p>\n

Dr. Asiama stressed that the gains were \u201chard-won\u201d and achieved through discipline, restraint, and institutional effort, noting that the BoG has a continuing responsibility to protect stability and remain faithful to public trust.<\/p>\n